NAICS Code 531210-10 - Condominiums-Time Sharing

Marketing Level - NAICS 8-Digit

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NAICS CODE 531210-10
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NAICS Code 531210-10 Description (8-Digit)

Condominiums-Time Sharing is a subdivision of the NAICS Code 531210 that involves the management and operation of properties that are jointly owned and used for vacation or recreational purposes. This industry allows individuals to purchase a share of a property, typically a resort or vacation home, and use it for a specified period each year. The property is managed by a management company that handles maintenance, repairs, and reservations. Condominiums-Time Sharing is a popular option for individuals who want to own a vacation property without the full-time responsibility and cost of ownership.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531210 page

Tools

Tools commonly used in the Condominiums-Time Sharing industry for day-to-day tasks and operations.

  • Reservation software
  • Property management software
  • Accounting software
  • Customer relationship management (CRM) software
  • Online booking platforms
  • Maintenance and repair tracking software
  • Communication tools (e.g. email, messaging apps)
  • Payment processing software
  • Marketing and advertising tools (e.g. social media, email marketing)
  • Inventory management software

Industry Examples of Condominiums-Time Sharing

Common products and services typical of NAICS Code 531210-10, illustrating the main business activities and contributions to the market.

  • Beachfront Condominiums-Time Sharing
  • Mountain Resort Condominiums-Time Sharing
  • Golf Course Condominiums-Time Sharing
  • Ski Resort Condominiums-Time Sharing
  • Lakefront Condominiums-Time Sharing
  • Vacation Home Condominiums-Time Sharing
  • Island Resort Condominiums-Time Sharing
  • Theme Park Condominiums-Time Sharing
  • Luxury Condominiums-Time Sharing
  • Family-friendly Condominiums-Time Sharing

History

A concise historical narrative of NAICS Code 531210-10 covering global milestones and recent developments within the United States.

  • The Condominiums-Time Sharing industry has a long history dating back to the 1960s when the first timeshare resort was opened in the French Alps. The industry quickly gained popularity in Europe and North America, with the first timeshare resort in the United States opening in 1974. In the 1980s, the industry experienced significant growth, with the number of timeshare resorts in the United States increasing from 200 to over 1,500. The industry continued to grow in the 1990s, with the introduction of points-based timeshare systems and the expansion of the industry into Asia and Australia. In recent years, the industry has faced challenges due to the rise of alternative accommodation options such as vacation rentals and home-sharing platforms. In the United States, the Condominiums-Time Sharing industry has a more recent history, with the first timeshare resort opening in 1974. The industry experienced significant growth in the 1980s and 1990s, with the number of timeshare resorts increasing from 200 to over 1,500. In the early 2000s, the industry faced challenges due to the economic downturn and the negative perception of timeshares. However, the industry has since rebounded, with the introduction of new ownership models and the expansion of the industry into new markets such as China and India. Today, the industry continues to evolve, with a focus on providing more flexible ownership options and enhancing the vacation experience for owners and guests.